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GOVERNMENT

MP Safa Al Hashem renews call to tax expats pockets, tap remittances

September 16, 2019

MP Safa Al Hashem renews call to tax expats pockets, tap remittances

KUWAIT CITY, Sept 15: MP Safaa Al- Hashem has unveiled a plan to grill Minister of Social Affairs Sa’ad Al-Kharaaz if the latter continues to allow the recruitment of expatriates, describing the situation as an “unnatural invasion.”

She pointed out that former Minister Hind Al-Sabeeh did not neglect this issue"... Continue Reading

Wheels come off India’s auto sector

September 16, 2019

Wheels come off India’s auto sector

NEW DELHI: When India’s Finance Minister Nirmala Sitharaman claimed that a preference by millennials for ride-hailing apps was contributing to a painful slump in car sales, it sparked an online backlash from furious youngsters. They started a campaign using ironic hashtags such as #BoycottMillennials and #SayItLikeNirmalaTai last week to push back against older generations blaming them for today’s"... Continue Reading

Kuwait Municipality opens bidding envelopes for utilizing adv boards

September 12, 2019

Kuwait Municipality opens bidding envelopes for utilizing adv boards

KUWAIT CITY, Sept 11: Kuwait Municipality recently opened the bidding envelopes for utilizing advertisement boards in the Capital Governorate, and then awarded the contract to the highest bidder – Midad Advertising Company which offered KD19.278 million with a difference exceeding KD10 million compared to the current contract, reports Al-Rai daily.

This"... Continue Reading

Ministry gives 3 weeks notice to remove counterfeit products off market

September 12, 2019

Ministry gives 3 weeks notice to remove counterfeit products off market

KUWAIT CITY, Sept 11, (KUNA): The Ministry of Commerce and Industry is leading an extensive campaign to eliminate counterfeit goods.

In a statement, the ministry said, “these goods are negatively affecting the economy because of its popularity and cheap prices and affecting the environment of the country and could harm consumers’"... Continue Reading

Kuwait lifts ban on working outdoors in summer midday

September 3, 2019

Kuwait lifts ban on working outdoors in summer midday

KUWAIT: Kuwait’s Public Authority for Manpower (PAM) yesterday announced the end of the ban for working outdoors that was from 11 am to 4 pm in the summer. PAM’s spokesperson Aseel Al-Mazyad said that this order was made to protect the workers from the hot weather, and it was activated in the beginning of June and effectively ended at the end of August. She noted that inspections were conducted"... Continue Reading

Soon pay fines via K-net kiosks

September 3, 2019

Soon pay fines via K-net kiosks

Ministry of Interior (MoI) has understood to be in the final stages of unveiling a plan to set up K-net kiosks at 70 police stations in the country, as part of the e-government initiative that the authorities are rolling out under various ministries.

The kiosks will enable citizens and expatriates to pay their fines conveniently,"... Continue Reading

Ministry approves licenses for microenterprises

September 2, 2019

Ministry approves licenses for microenterprises

KUWAIT: The Ministry of Commerce and Industry said 1,052 licenses were issued for microenterprises, one person companies and mobile specialty vehicles during August 2019. These include licenses for seven microenterprises, 32 for mobile specialty vehicles and 1,013 for one person companies, it said in a press statement. Meanwhile, the ministry said that it approved 26 applications for the establishment of"... Continue Reading

Visa Trading Business Goes On As Usual In Kuwait

August 29, 2019

Visa Trading Business Goes On As Usual In Kuwait

KUWAIT CITY, Aug 28: It is business like any other, where the people who are trading in visas have decided not to be harsh on those who buy visa or residence permit from them, reports Al-Rai daily.

It is no longer necessary, given the current economic slowdown, for the visa buyer to pay the money all at once.

The"... Continue Reading

Norway's wealth fund may boost US stock investments by up to $100bn

August 28, 2019

Norway's wealth fund may boost US stock investments by up to $100bn

Norway’s huge sovereign wealth fund, the world's largest, proposed overhauling its global holdings, calling for a shift away from Europe in a move that would allow it to boost its US stock investments by as much $100 billion (Dh367.25bn) and take a larger chunk of the biggest technology companies.

In a letter sent to"... Continue Reading

‘Hike in number of expats, menial labor not true’

August 26, 2019

‘Hike in number of expats, menial labor not true’

KUWAIT CITY, Aug 25: The government did not fail to address the demographics imbalance but has been pursuing a clear strategy two years ago to address the matter in a way that does not harm the national economy, reports Annahar daily quoting reliable economic sources.

The sources pointed out that the government was to reduce the"... Continue Reading

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